GD Entertainment and Technology (OTCMKTS:GDET) shares will be very interesting today after the company announced the formal operational launch of its very interesting Crypto ATM segment.
We knew this piece of the puzzle was on the way. The company has a diversified model that includes its wholly-owned CBD subsidiary (The Greenery – TheGreeneryCo.com), its crypto mining segment, its DreamCard segment, and its Crypto ATM segment.
The latter of these segments has shown tremendous promise but hasn’t become an actualized part of the near-term future revenue growth until today.
With this announcement, the company is putting that piece of the puzzle on the map. And it’s a big piece of the puzzle. In fact, according to the release, the Company believes the Crypto ATM market is an underappreciated market opportunity with explosive potential.
To wit: A recent report from MarketsandMarkets Research Private Ltd. concluded that the crypto ATM market will reach $144.5 million by 2023 from $6.8 million in 2017, representing a CAGR of 54.7%. Importantly, this aggressive growth rate is regarded as less vulnerable to broad economic cycle factors than most major commercial markets due to the countercyclical dimension generally attributed to cryptocurrency-related products and services.
That last statement makes a great deal of sense: In a world in which every new investment needs to be evaluated according to the risk of a near-term global cyclical downturn, this is a huge advantage – in an odd way, the crypto services segment has to be viewed as a non-cyclical part of the model, effectively immune to the larger macro cycle.
Why? Because cryptocurrencies have to be viewed as something like Gold – a store of value that transcends the fiat money credit cycle.
Think about it: cryptocurrencies are money, but money that is, de facto, immune from the machinations of the major central banks. And, with the massive and incontrovertible force of political instability, there’s no guarantee’s at all of fiscal stimulus to right the ship if and when the data sours.
That means two things that assets like gold, silver, and cryptocurrencies will appreciates relative to fiat currencies as central banks take increasingly desperate and radical steps to nominally inflate economic systems as growth slows.
In anticipation of this dynamic, consumers will have increasing pressure to avoid the erosion in the value of their currency stores, suggesting the relative safety of storing cash in the form of cryptocurrencies. All of this spells one clear trend in its ascendancy: readily accessible cryptocurrencies for everyday use in consumer activity.
The crypto ATM wave is riding high in terms of analyst growth forecasts as a result. And, with its newest announcement, GDET has opened up its potential to demonstrate accelerating growth in its overall model and the shareholder value the company offers with this valuable active addition to its operations.